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General Electric Co. is quickly approaching 98.11. We expect either a breakout through this line, or a rebound.

General Electric Co. is heading towards a line of 98.11. If this movement continues, we expect the price of General Electric Co. to test 98.11 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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GER30 – breach of a trending support line that has been tested at least twice before.

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